USDC

ExcellentRoutine6611

Yeah, that’s one of the reasons I think it’s a good investment. I get payments in USDC which I use to buy more Alpha. If you’re still thinking about it visit www.alphaarcade.com the project has a lot of potential.

TechCynical

They don't have to dawg why are we larping crypto 😭😭. This shit is public we can make lists of payment rails, suspected gateway addresses and general referral volume. USDC and the ETH ecosystem completely dominates on chain to real world purchase volume. You are living in a complete bubble if you think Litecoin is surpassing L2's with their stable coins for payments.

iamimproved

Lies, not when I am receiving 8+% APY on my USDC stables by leaving it in vaults on Solana. Which is way more than what any banks are willing to give.

junkhead_7

You can easily convert USDT to USDC in any decentralized bridge for something like a 0.2% fee.

Floor90

OKX offers a one-way conversion from USDT to USDC. Source: [https://www.blockchainstories.com/nieuws/okx-europe-helpt-gebruikers-usdt-om-te-zetten-naar-mica-compliant-usdc/](https://www.blockchainstories.com/nieuws/okx-europe-helpt-gebruikers-usdt-om-te-zetten-naar-mica-compliant-usdc/)

Additional-Durian966

Most European exchanges have moved away from USDT due to the MiCA stuff, so it's getting harder to find ones that still list it. Your best bet is probably converting to USDC first and then using whatever mainstream EU platform you want.

andreas_europe

Without a MiCa license your assets are under risk. You never know what comes next and suddenly over night your funds or the exchange maybe blocked and you can't access your funds.  Best alternative in Europe with enough liquidity is Kraken Pro and Coinbase Advanced - at least when you want to trade against USDC. If you trade only EUR pairs Bitvavo has good liquidity and if you only buy and hold, Bitpanda Fusion is also a solid choice.  All the best 

JamieMc23

Terms in this thread a newby would have to learn: - Metamask - ETH/Ethereum - USDT - ETH/USDT Pool - Block/Block Explorer - Cold Wallet - Unguessable String - Dexes - Transaction Hashes - Liquidity Pool - Slippage/Slippage Range - Trade Size Impact - Odos/Matchaswap/Llamaswap/Cowswap - Limited Routing - dApps - MEV Bots (squeezing) - Rango/Shapeshift - Wallet Connections - USDC - Route/Price/Fixed Fee - Swaps - Limit Order - CEX/DEX - Dedillama/Defi Swap Site - Dec Aggregator - Gas Fees - Route Swap - Built-in Defi Activity - Rubic Plugin - WETH - Rabby That's literally just this thread. I'm around crypto a long time without ever getting too into it and I wouldn't be 100% on a lot of that. There is literally no hope of mass adoption while it looks like this and while there's no safety net. You may understand it because you're deeply into it, but it's a mess. Again - I'm pro crypto.

Big_Comfortable4256

It can be cheaper to go from WETH to USDC.

Mr_Footies

Is it a crypto project 😂 It runs on Polygon, an Ethereum L2, and uses USDC for settlement.

Mr_Footies

Polymarket is literally on the Polygon blockchain and uses the USDC stablecoin. It’s a massive crypto success story. Recently Robinhood launch an Ethereum L2 using native ETH as gas. It’s already going billions in daily trading volume, successfully bootstrapping a new DEX from scratch. Crypto evolves.

Leather-Cod2129

I can’t convert to BTC. It says USDC or Euro only

Worldx22

BTC is lower than a year ago. Convert everything except BTC ETH and maybe SOL to USDC. Send to Kraken. Wait. That's if you don't need the cash now.

atiku13

Yes, it’s easier to convert all to USDC then just send to a supported exchange then withdraw, or do it straight to euros on binance. In my opinion, the movements you’d need to make back your 1k aren’t likely to come soon, so I’d just cut my loses and take the money out, rather than potentially lose a bit more, even if not much

Leather-Cod2129

Thanks a lot. Convert all to USDC even my BTC ETH etc. ? And whats the less stupid thing to do if i dont need those 265 euros now? convert all to BTC and wait for year? or i could loose even more? thanks

Scottex99

Binance doesn’t have a MiCa licence so can’t support EU based clients yep So open an exchange elsewhere, maybe kraken, CB or Swissborg Convert all to USDC on Binance and send to the new place (probably best to do a $10 test transfer first) Then once the coins are on the new exchange, you can flip back to BTC if you want to hold for a few years Or just convert to EUR and be done with it Or if binance lets you convert to EUR and withdraw to your bank, just do it that way and skip all the above

anon1971wtf

I think simply because they operate outside of Western jurisdications, so they don't have to. Unlike Circle. Occam's Razor. If USDC and others will take more share from Tether's private money market, I would expect them to do it purely for PR and investments

7chickenwings

This is not correct. A stablecoin **targets $1**. There still needs to be a counterparty on both sides of a trade, whether it's on a CEX or DEX. On a DEX, this is facilitated through AMMs and liquidity provided by LPs. The price you actually trade at is determined by MM, traders, and depth of available liquidity. The reserve helps anchor the price at 1:1, but its does not always mean an exact trade for $1 USDT = $1 USD! If it does, someone is eating the cost. In this case, some CEXs like Coinbase provide the opportunity to trade 1:1 to attract customers to use their platform. And if I'm trading on Binance, my execution depends on the liquidity availabe on Binance. Users are NOT automatically accessing the order books or liquidity sitting on Kraken or Coinbase or DEX! Have you tried selling USDC for $1.01? If buyers are willing to pay $1.01, your order can fill. OP is just confused because he thinks there is unlimited liquidity at exactly $1 and everyone is okay with selling and buying at $1 without profiting from a spread.

ChrisTheWeak

Brand recognition, it has existing value, and it's weathered the test of (some) time. The vast majority of cryptocurrencies fail. Either just a rugpull, or otherwise lose all evaluation immediately. Bitcoin doesn't really have anything special to it, but other coins that don't have something extra to them will have a hard time competing with it just because it's already established and people are already using it. Other coins can succeed, but only have a good shot if you add something new. Ethereum went for proof of stake algorithm which means it doesn't consume vast amounts of energy like Bitcoin. Pearl is trying for a proof of useful work for their algorithm. Monero XMR is built around privacy, every transaction is meant to be untraceable, unlike other coins where every transaction is visible to the whole world. USDC which is a coin that is pegged to the US dollar. Currencies are one of those things where having a universal standard makes life much more convenient because conversions make things difficult, so competition is not encouraged, and jumping between coins is a hassle. So overtime the number of widely used coins will trend to a bunch of new small ones, a handful of old ones with a small cult following, and a few big ones that stand the test of time. That's my hunch anyway.

OkBarracuda4416

the wallet should display what one USDC token is actually worth maybe?

NateNate60

You keep trying to explain shit that doesn't matter and then ignoring the actual point. As of writing, the bid price on Binance for USDC is 0.99999. The bid price on Kraken is 0.9999. There is a difference of 0.00009 USD between these two prices. As of writing, the bid price on Binance for USDT is 0.99904. On Kraken, it is 0.99886. On Coinbase, it is 0.99882. What should the wallet display? How can you justify whatever number you end up choosing in a way that ensures it is more meaningful than just putting a 1 and declaring that to be accurate to 2 sig figs?

7chickenwings

Why would Kraken or Binance prices be the same as what your wallet is showing? The USDC/USD pairs for Kraken has nothing to do with the value you're getting from a wallet exchange. If you're using Metamask for example it does not take the prices from Kraken or Binance. Lol.

NateNate60

I don't have a bot, so I don't know who you're talking to. But since you clearly just assumed you're right without actually checking the charts, I have included below the USDC/USD pairs at both Kraken and Binance. https://preview.redd.it/3rtbt5wx4ejh1.png?width=1938&format=png&auto=webp&s=aa03016f1b01ae63518851879178dba021de8afc Don't forget, Coinbase doesn't have a chart because USDC is always exactly 1 on Coinbase. So, my friend. You have the information now. What number should the wallet display for the "true value" of USDC? Kraken's 0.9999? Or Binance's 1.00000? Or perhaps we split the difference at 0.99995? Are you seriously arguing that these numbers are meaningful at all?

NateNate60

The 1.001 that your wallet shows you isn't the "exact value". In fact, it's faker than showing just 1. Try looking on any two exchanges and try to correlate the prices for a stablecoins like USDC or USDT between them. Unless there's a depeg, there really isn't. The price fluctuates at random. So any attempt to pin down any one of these as the "true price" is meaningless.

foxyevolution

Those rounding errors cost you a lot unless you have very little invested. Wait till you swap between USDC and USDT and the difference in value is $1k.

NateNate60

This is a nonsensical thing to say about the major stablecoins. Pretty much all except USDT allow people to redeem them for USD on demand, so the "0.02% of $1" benchmark is only to check against depegging. Otherwise, they're all liquid to whatever amount matters to the user, unless you have a substantial portion of the circulating supply, literal tens of millions, which could overwhelm the automated redemption mechanisms. For example, I can redeem any amount of USDC through Coinbase for exactly 1 USD any time I like. I can redeem 1 PYUSD through PayPal for 1 USD any time I like. I can redeem 1 USDG through Kraken for 1 USD any time I like. So as long as this is true, it's not unreasonable for wallets to display them as exactly 1 USD. If it is not true, then the price would fall outside of that 0.02% band.

snek-jazz

Not on /r/buttcoin it hasn't been. You could be banned for even suggesting the idea that they might be fully backed. They used this conspiracty theory as a cope that the price of bitcoin is not *real* to the extent that automod spams this comment on any thread Tether is mentioned in, hilariously even the one today about this audit: >< Please note that as of the writing of this rule, there's insufficient evidence that Tether, USDT, USDC have submitted to a proper, formal, independent audit. As such, it's misleading to call their attestations an "audit." > Please change any reference from audit to "audit" (in quotes) or better yet, refer to its proper term: an "attestation." > When dealing with promises of stablecoins being "1:1 backed" with reserves, there's an industry standard way to verify those claims. None of the major players in the industry have submitted to the industry standard method of confirming reserves, and have instead tried to pass off inconclusive "attestations" as audits. Also the last part is a flat out lie, since Circle is a US public company meaning it must undergo the highest form of auditing. The critics have been lying and arguing in bad faith, and what you'll see next is the goalposts move to "audits don't matter" or aren't enough.

Babad00k123

There is only a handful of crypto you can touch. BTC, XMR and maybe USDC/PayPalUSD - not sure what the point would be to hold a stablecoin though. Thats it. Sell the rest and lick your wounds.

kshucker

Listen, I mined Helium very very very early on in the project. I know it gets shit on nowadays but I have not been involved in it for a while. I had a lot of HNT when it was worthless and then the price exploded. I ended up having a lot of fucking USD value that I decided to convert to USDC. The dilemma I ran into was that each mining device (hotspot) is publicly viewable on a map that shows the owners of the device public blockchain address. You can easily pin down what building was tied to a certain wallet. Never crossed my mind when I first got involved because I never thought I’d end up with the sort of USD value I actually ended up with. Sure, you can try and move crypto around wallets to try and throw people off that know how to read explorers but it’s impossible to completely cover your tracks unless you use something like tornado cash. Long story short, I’ve done my best to properly secure myself physically at the time. Helium has been out of the spot light for some time now and the news around how controversial it was has died too. I’m not going to give specific numbers but I went from hundreds of dollars to a very life changing amount in a short time. Call it dumb luck to get into something like it but I did

TimmyXBT

A few. USDC, USDT, ETH, and WBTC can be deployed to a v1 yearn vault and yvvbUSDC, yvvbUSDT, etc to be used as collateral. Theres also weETH and LBTC as collateral for those native staking protocols. Pretty sure that it currently, but you can check out Morpho for all the markets offered on Katana

Kazzle87

so we have USDC as the "westen USD crypto token" and USDT as the "eastern USD crypto token"? weird but ok. defi connects both worlds.

Current-Champion7572

To buy bitcoin people are generally going to deposit from their legacy bank accounts, which will arrive in their crypto exchange as a stablecoin (e.g. a deposit into Coinbase will show up in the account as USDC by default). And then if they go to sell their BTC, they’re likely swapping right back into that stablecoin. So by promoting/pushing BTC, the on-ramp (stablecoins aka US debt) are being purchased more and more.

chainglance_cm

Yeah the account lock/verification freeze thing is the real risk with most of these, way more than fees honestly. A few thoughts: * SEPA/ACH direct integrations (not through a crypto off-ramp) tend to be more reliable than card-based on/off ramps since cards trigger way more fraud flags * multi-country consulting income is exactly the profile that gets flagged for "unusual activity" reviews on a lot of these platforms, so having 2 separate gateways as backup is probably a good idea. * worth checking if your clients would be ok paying into a stablecoin invoice directly (USDC/USDT) and you handle the off-ramp yourself on your end, rather than routing everything through one payment processor's ramp. Gives you more control and isn't dependent on their uptime/verification process Also whatever you pick, test it with a small transaction from each client country before routing real invoice money through it. These platforms behave very differently by region even when they claim global coverage.

CheetahDazzling644

Right now we are using Shopify and it accepts only USDC not direct bitcoin. Are you annoyed if you have to switch your BTC to USDc to buy online? Or would you prefer to send BTC yourself?

PowerfulPossibility6

They are not wrong… aside of USDT va USDC vs (other stables) debate

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Post is by: sue_me2 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vldpz9/broker_vs_cfd_vs_cex_perp_when_your_capital_is/ Most of my liquidity sits in USDT, and recently I wanted some NVDA and gold exposure without off-ramping through a bank. Started digging into it, and realized the three main options solve completely different problems. 1. Brokers (like IBKR): They take stablecoin funding now (USDC/PYUSD, not USDT directly) and you get actual shares. Real equity ownership and no funding costs for spot. But you still have to swap your USDT and deal with regional paperwork. 2. CFDs: You get price exposure with zero ownership, but daily overnight financing charges eat into longer holds pretty fast. 3. CEX Perps: I’ve been testing this route on BYDFi lately for pairs like XAU-USDT and NVDA-USDT. It's the shortest path if your capital is already sitting in USDT. But you're trading a derivative, paying funding fees every 8h, and liquidation risk is always there. Took me a while to internalize that if you actually want to hold NVDA equity for 2 years, perps aren't even competing with a broker. They're built for short to medium-term directional exposure without taking your capital off crypto rails. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

AdConfident3145

the shared pool architecture is the whole problem and we've known this for years. everyone wants the efficiency of shared liquidity until something upstream breaks and suddenly your USDC deposit is paying 12% because someone else's bad collateral is nuking utilization what gets me is the depositor response was totally rational. if your rsETH is frozen and probably going to zero why wouldnt you max out every borrow you can and walk away? the protocol design basically incentivized the bank run isolated pools fix this but they fragment liquidity so nobody wants to use them. classic tradeoff that defi keeps avoiding until it blows up again

tenor_tymir

Crypto debit card cashback is the next best thing i have found. Bybit gives 1% in USDC or BTC and ether.fi gives 3% in USDC. That’s not too bad actually.

Sajti1234

Ok i have no idea about all the wizard shit the other guy commented, and i sincerely hope you get it back, but i must ask just one question: Why would anyone put their spare dollars into a crypto wallet instead of just a bank or even cash? Out of all cryptocurrencies, you kept it in USDC which is pegged to the dollar, so then the value will inflate away all the same as cash anyways, just with way more complicated (and by now obviously more dangerous) tech...

Sajti1234

how much return does USDC offer?

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Post is by: Agile_Comparison2085 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vixnw3/i_came_across_servo_network_recently_could_this/ I came across Servo Network recently — could this be what a Web3 service marketplace should actually look like? I’ve been looking at different Web3 projects lately, and I stumbled across something called Servo Network that genuinely caught my attention. The idea is pretty straightforward: a decentralized marketplace for local services and freelance work, but payments are protected through on-chain escrow on Polygon instead of being held by a centralized platform. A few things I found interesting: • Payments can be made with USDC, USDT, or Servo Coin (SVO) • Funds stay locked in a smart contract until the job is completed • The platform fee is around 5%, with the possibility of reducing it to 2% through SVO staking • There’s a built-in dispute system combining AI-assisted analysis with human review • SVO is also used for staking, rewards, reputation, and other parts of the ecosystem • They’re building this as an actual service marketplace rather than just another token + roadmap What interests me most is the concept itself. We’ve seen countless Web3 projects trying to invent a use case for their token after launching it. Servo seems to be approaching it from the opposite direction: build a marketplace people could actually use, then integrate crypto where it provides a real benefit — escrow, payments, incentives, and reduced platform fees. Obviously, being interesting on paper and actually gaining users are two completely different things. Marketplace liquidity, trust, dispute handling, smart-contract security, and getting normal people to use crypto are all major challenges. But I think this one might be worth keeping an eye on. Has anyone here looked into Servo Network or a similar decentralized service marketplace? More importantly: do you think decentralized escrow + stablecoin payments can realistically compete with platforms like Fiverr/Upwork/TaskRabbit, or is Web3 still adding too much friction for mainstream users? Curious to hear both the bullish and critical takes. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Pretend-Picture8974

Oh wow, that's absolutely devastating, losing wedding savings like that is a nightmare. It's so tough when you think a wallet is safe and then it's all gone in minutes. I try to be extra careful with my crypto, especially stablecoins like USDC. If you're unsure about wallet safety, FreezeRadar might help you sanity-check before you send.

Glass-Wheel7238

I did some digging into your transaction and followed the funds as far as I could. There are actually a few important things here that may give you a legitimate path to escalate this. Your original transaction was for **10,702.008824 USDC**: 0xfd03063823e54b1be8e2902f3b833840bd82f5dc374637887c5b14e66fea7c42 From what I can see, this looks much more like an **address-poisoning attack** than Polygon or MetaMask itself being hacked. The suspected attacker address is: 0x9b9Ae2db2C1fC598645cA2D954D1acB665b44F62 Address poisoning is where scammers create an address that looks extremely similar to one you’ve previously used and then get that address into your transaction history. Since MetaMask shortens wallet addresses, something like 0x9B9A...4F62 can look almost identical to the real address. If you copied a previous address from your transaction history, it’s possible you unknowingly copied the attacker’s look-alike address. Another reason I think this is possible is that your $10,702 transaction appears to have been a regular USDC transfer signed by your wallet. It doesn’t look like the typical transferFrom transaction you see when somebody drains a wallet through a malicious token approval. I also followed where your money went. After your original transaction, approximately **10,702 USDC** moved to: 0x93C215D29E0757d69156Eb939Bf8468dE269f05B TX: 0xfc3a937baf40f58a8a4595bae296823d92e82596227c7820362a4bf373051e0d Then approximately **10,692 USDC** moved to: 0x88F8eCbAa4fb38a60346f10A5c527230ebb1D9e9 The transactions included: 0xafc4cf5309b6c44ec346da64e9009e796b5350bb05bb240fd8bac8617d26c55e and 0xf97f0fa7947fd1c1f9e297951144adce3a8239e34088dba8da3e56f359b0a155 From there, the funds were split through several addresses: 0xF6B1D3Eb5d1Cf2b3E25fF9e3724C3e1d38A9a07c 0x9e06c2cD09d59CEeB0b821e3f89200b1A29C1808 0x29e6f28FB8961bE6290Ad18c2d76BCF8BC9bd39a 0x4D5Ee9fbB57a4C465629a501EFA02b9432253b4C Here’s the part I think is most important. The trail appears to eventually reach **Binance-related deposit infrastructure**. Approximately **7,395 USDC** appears to have gone toward: 0xAfC4A63C684bAB9DEfBDF6ccbc2ee167aa1df4aF And approximately **3,097 USDC** toward: 0xBD7E52424c2122484AF564568D6bcC0eE63FfFC3 The second address has previously been identified/indexed as a **Binance deposit address**. That doesn’t necessarily mean the thief personally has a Binance account. It could be an instant-swap service, intermediary, mule, nested service, etc. But it’s still important because Binance may be able to identify which internal account received those deposits. If that account has KYC information attached to it, law enforcement could potentially request the account information and see where the money went afterward. **I would file an IC3 report immediately if you haven’t already.** When you describe what happened, don’t just say: “My MetaMask was hacked.” I would tell them something closer to: “Approximately 10,702 USDC was fraudulently diverted through a suspected blockchain address-poisoning scheme. The proceeds were subsequently transferred through multiple Polygon addresses and appear to have reached Binance-associated deposit infrastructure.” Give them ALL of the wallet addresses and transaction hashes above. I would also file a local police report and specifically ask that it be forwarded to somebody who handles cybercrime/financial fraud. Then contact Binance and give them: Your original transaction hash The attacker address The intermediary addresses The apparent Binance addresses Your IC3 complaint number Your police report number Ask them to **preserve all records associated with the receiving account(s)**. They may tell you that they can’t freeze anything without law enforcement. That’s normal. Binance has a law-enforcement request system where investigators can request account/KYC and transaction information. There’s one other important thing: Because what was stolen was **USDC**, Circle may potentially be involved as well. USDC isn’t like Bitcoin where nobody controls it. Circle issues USDC and has the technical ability to freeze/block USDC in certain circumstances, especially when they receive a legitimate government/legal request. I wouldn’t expect Circle to freeze anything simply because you email them, but I would absolutely tell the investigator handling your case that this was USDC and ask whether they can contact Circle. Also, preserve EVERYTHING. Don’t delete MetaMask yet. Screenshot your entire transaction history, suspicious tiny transactions, the look-alike addresses, browser history, emails, messages, timestamps, etc. And obviously do not give anybody who DMs you: Your seed phrase Private keys Remote access to your computer Permission to connect your wallet Money for a “recovery service” Anyone claiming they can “hack the hacker” and recover the money for an upfront fee is almost certainly trying to scam you again. I can’t tell you that you’ll get the money back, because unfortunately there are no guarantees with this. **But I would not give up yet.** The fact that a significant portion of the trail appears to reach infrastructure associated with a centralized/KYC exchange is much more useful to investigators than if everything had simply disappeared into an unidentified private wallet. You actually have a pretty detailed blockchain trail to give law enforcement. If you haven’t already submitted an IC3 report, that’s probably the first thing I would do.

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AromaticSoft8291

**Public trace** **Victim** **↓ 10,702.008824 USDC** **Attacker wallet:** **0x9b9Ae2db2C1fC598645cA2D954D1acB665b44F62** **↓ 10,702 USDC** **0x93C215D29E0757d69156Eb939Bf8468dE269f05B** **↓ 200 USDC + 10,492 USDC** **0x88F8eCbAa4fb38a60346f10A5c527230ebb1D9e9** **↓ split among four suspected swap-service deposit addresses** **1. 0xF6B1D3Eb5d1Cf2b3E25fF9e3724C3e1d38A9a07c** **2. 0x9e06c2cD09d59CEeB0b821e3f89200b1A29C1808** **3. 0x29e6f28FB8961bE6290Ad18c2d76BCF8BC9bd39a** **4. 0x4D5Ee9fbB57a4C465629a501EFA02b9432253b4C** **↓ approximately $10,492 total** **Possible Binance/nested-service addresses:** **0xAfC4A63C684bAB9DEfBDF6ccbc2ee167aa1df4aF** **Received about 7,395 USDC** **0xBD7E52424c2122484AF564568D6bcC0eE63FfFC3** **Received about 3,097.009581 USDC**

AromaticSoft8291

**File an FBI IC3 report** For a victim in the United States, submit the same evidence to the FBI Internet Crime Complaint Center. Also report it to the FTC. The FTC specifically directs cryptocurrency victims to IC3, the FTC, the CFTC, the SEC and the exchange involved. I am reporting an unauthorized cryptocurrency transfer involving approximately 10,702.008824 USDC on the Polygon network. I am requesting immediate preservation of all relevant account, transaction, IP, device and KYC records and, where legally possible, restriction of the receiving accounts pending a law-enforcement request. Original theft transaction: 0xfd03063823e54b1be8e2902f3b833840bd82f5dc374637887c5b14e66fea7c42 Amount stolen: 10,702.008824 USDC on Polygon Initial attacker wallet: 0x9b9Ae2db2C1fC598645cA2D954D1acB665b44F62 Known intermediate wallets: 0x93C215D29E0757d69156Eb939Bf8468dE269f05B 0x88F8eCbAa4fb38a60346f10A5c527230ebb1D9e9 Suspected intermediary or swap-service deposit addresses: 0xF6B1D3Eb5d1Cf2b3E25fF9e3724C3e1d38A9a07c 0x9e06c2cD09d59CEeB0b821e3f89200b1A29C1808 0x29e6f28FB8961bE6290Ad18c2d76BCF8BC9bd39a 0x4D5Ee9fbB57a4C465629a501EFA02b9432253b4C Addresses suspected of being Binance deposit addresses or addresses belonging to a service nested within Binance: 0xAfC4A63C684bAB9DEfBDF6ccbc2ee167aa1df4aF Approximately 7,395 USDC received 0xBD7E52424c2122484AF564568D6bcC0eE63FfFC3 Approximately 3,097.009581 USDC received Related transaction hashes: 0xfc3a937baf40f58a8a4595bae296823d92e82596227c7820362a4bf373051e0d 0xafc4cf5309b6c44ec346da64e9009e796b5350bb05bb240fd8bac8617d26c55e 0xf97f0fa7947fd1c1f9e297951144adce3a8239e34088dba8da3e56f359b0a155 I did not authorize these transfers. Please preserve all records associated with these addresses, identify whether they belong directly to Binance customers or to a nested exchange or swapping service, and provide instructions for the investigating law-enforcement agency to submit an official request. Police/IC3 case number: \[ADD CASE NUMBER\] Victim wallet address: \[ADD VICTIM ADDRESS\] Date and time discovered: \[ADD DATE AND TIME\] Binance support case number: \[ADD WHEN RECEIVED\] I can provide screenshots, wallet ownership evidence, identification, transaction records and device information upon request.

TechCynical

Yeah all 5 people and some bots. Don't worry it'll only cost everything you saved to withdraw from the LN. You could have saved the same amount by using any other L2 with USDC or wbtc.

Coleyx123

Shit, they do it with USD deposits on CB, apparently. I deposited 3k the other day to pay off by CB card, but also saw the statement date was that day, so I already got hit with the interest and parked it in lending for the 7% yeild until I have to make my next payment. Now I can't transfer anything out, but of course I can still deposit and trade on CB. It is what it is. I've got other wallets and the USDC is essentially theirs anyway, I'm just making a few bucks off it since they can't decide how many days are in a month when it comes to statement dates. The annoying part is going to be opening a ticket to resolve this and having to deal them wanting wtf ever they want. I've only had a CB account for a decade or so, with the same bank account that I linked on day one. Fuck me for being a responsible adult and paying bills, I guess. Although, I've watched CB shift over the years from a place to buy coin and transfer out to trade, to its current state of being a bank, exchange, gambling site, etc., and still deal with them, so maybe a responsible adult I am not.

Legitimate_Form5449

2026.08.06. USDC-0.999831 Start Date: 2018.10.08. 2026.08.06. WETH-1,907.56 Start Date: 2018.01.14.

Rock_Strongo

> I put virtually every purchase I make on credit cards to earn points. Until there’s a crypto equivalent that is just as frictionless, there’s no reason to transact daily purchases with crypto. Some exchanges have exactly this. I use the Coinbase card which is an American Express card so it's accepted most (but not all) places and I get back 4% in BTC. In addition, I pay it off every month with the USDC I have in my account, which gains ~3.5% (varies based on fed rates) while it sits there waiting to make payments. Is that the same thing as paying with crypto? Not really. But it's good enough for me.

MrSnugs

Kind of. I use my Coinbase credit card daily and pay if off with USDC. Also give me BTC back as a % of money spent.

skyddle

I've actually switched most of my spending to kardpay. No monthly fee, I just top up with USDT/USDC and use it on Applepay. It's been a much better fit for me since I mainly live on crypto anyway. As for the tap limit, that's usually set by the merchant or terminal rather than the card itself, but Applepay/Googlepay have no limits so it's pretty convenient.

Any_Way_5245

I’ve spent sats for random things in the past, even some Dogecoin for like coffee mugs, little stuff like that. But nothing straight up like bills etc. the closest thing was USDC being converted into USH via Coinbase card but I don’t think that’s really the same.

Big-D-Daddy4U

Deam man, ik ben gister echt precies op één vrijwel zelfde manier $5300 USDC en $7529,90 ineens omgezet in een UXLINK, die overduidelijk ook al aangeeft dat het een Malicious Token is, ik had het geld ook letterlijk gespaard voor een vakantie met het gezin, en ook wou ik me vriendin ten huwelijk vragen, ik had het allemaal al uitgedokterd, tot dit mij overkwam en ik weet ook in godsnaam wat nu te doen…

ArthurCBark

OP said he had the money in USDC, it's baffling why he wouldn't just have it in the bank. Unless he was using it to trade or dip into to buy crypto.

didnt_hodl

there are also countries which are either at war with US or under US sanctions or both. so it is not always their own government, which might be not only evil, but also simply absent in some cases. add to that runaway inflation in local currency, war, etc however: experience shows that folks in those countries rarely use bitcoin. it is considered expensive, slow and unstable. typically they use USDT on Tron, it is perceived to be less controllable by US. unlike USDC on Ethernet for example. of course, US has full control of USDT coins and has successfully frozen them in the past. still, folks use that and not bitcoin. that's just the reality

reddit4485

Circle can freeze funds gained illegally but you'll have to act fast before it gets swapped for some other currency that can't be frozen. My guess is it's a long process but probably worth it if it can be done. https://www.circle.com/legal/usdc-terms >Circle reserves the right to “block” certain USDC addresses and, if such addresses are Circle custodied addresses, freeze associated USDC (temporarily or permanently) that it determines, in its sole discretion, may be associated with illegal activity or activity that otherwise violates these Terms (“Blocked Addresses”). In the event that you send USDC to a Blocked Address, or receive USDC from a Blocked Address, Circle may freeze such USDC and take steps to terminate your USDC Account. In certain circumstances, Circle may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your USDC, including the ability to redeem USDC for USD. Circle may also be required to freeze USDC and/or surrender associated USD held in Segregated Accounts in the event it receives a legal order from a valid government authority requiring it to do so.

reddit4485

Circle can freeze funds gained illegally but you'll have to act fast before it gets swapped for some other currency that can't be frozen. My guess is it's a long process but probably worth it if it can be done. https://www.circle.com/legal/usdc-terms >Circle reserves the right to “block” certain USDC addresses and, if such addresses are Circle custodied addresses, freeze associated USDC (temporarily or permanently) that it determines, in its sole discretion, may be associated with illegal activity or activity that otherwise violates these Terms (“Blocked Addresses”). In the event that you send USDC to a Blocked Address, or receive USDC from a Blocked Address, Circle may freeze such USDC and take steps to terminate your USDC Account. In certain circumstances, Circle may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and you may forfeit any rights associated with your USDC, including the ability to redeem USDC for USD. Circle may also be required to freeze USDC and/or surrender associated USD held in Segregated Accounts in the event it receives a legal order from a valid government authority requiring it to do so.

Slade_Duelyst

Your funds have moved to binance I traced a significant portion of the stolen USDC on Polygon. **Confirmed flow:** `Victim (0xfc4Cbff74a700Bb3EaC682061E0794cEB457422A)` → **10,702.008824 USDC** → `0x9b9Ae2db2C1fC598645cA2D954D1acB665b44F62` → `0x93C215D29E0757d69156Eb939Bf8468dE269f05B` → `0x88F8eCbAa4fb38a60346f10A5c527230ebb1D9e9` From there, the funds were split into four transfers: * **2,378 USDC** → `0x29e6f28FB8961bE6290Ad18c2d76BCF8BC9bd39a` * **2,622 USDC** → `0x9e06c2cD09d59CEeB0b821e3f89200b1A29C1808` * **2,395 USDC** → `0x4D5Ee9fbB57a4C465629a501EFA02b9432253b4C` * **3,097.009581 USDC** → `0xF6B1D3Eb5d1Cf2b3E25fF9e3724C3e1d38A9a07c` I traced the **3,097.009581 USDC** branch further: `0xF6B1D3Eb5d1Cf2b3E25fF9e3724C3e1d38A9a07c` → `0xBD7E52424c2122484AF564568D6bcC0eE63FfFC3` → **Binance: Hot Wallet 34** (`0xEe7aE85f2Fe2239E27D9c1E23fFFe168D63b4055`) The transfer into Binance occurred on **2026-08-01 19:12:56 UTC** for the full **3,097.009581 USDC**. The wallet `0xBD7E52424...` has a long history of receiving USDC and then forwarding the exact same amounts directly into **Binance: Hot Wallet 34**, so this appears to be an intermediary deposit wallet used before funds reach Binance. If Binance receives a preservation request or a lawful request from law enforcement, they should be able to identify the customer account that received credit for this deposit. The remaining three branches (2,378 USDC, 2,622 USDC, and 2,395 USDC) can also be traced further to determine whether they ultimately reached Binance, another exchange, or another destination.

CrackerJackJack

This is a tough one because I don’t think you were actually hacked. The problem looks like it was probably self address verification. Your history is full of lookalike addresses. You sent to 0x9b9Ae2db…b44F62, and there’s also 0x9B9A3299…4F62 and 0x9b9A34b3…4F62 in your history. Same first four, same last four. Those got planted by counterfeit USDC contracts using Unicode lookalike characters (eg. ÚSDС, UṢDC, ՍꓢƊС) plus zero-value real-USDC transfers, so each one shows up looking like a legit past payment. You almost certainly copied one of the wrong ones, and the truncated display made it look right. There was no transferFrom, no drainer contract, no approval. You signed it yourself with your own key. Funds ended up at 0x88F8eCbA… on Aug 1. Your only real shot is if that’s an exchange deposit address. Worth reporting fast with the hashes, though it’s almost certainly already through a bridge or mixer. Sorry OP, that’s a really unfortunate situation. It’s sad but **strong reminder to everyone to always check the full address when sending, not the first and last four, and never copy from transaction history.**

Hoax__

Your funds have been deposited to two Binance addresses: 0xAfC4A63C684bAB9DEfBDF6ccbc2ee167aa1df4aF - 7,395 USDC 0xBD7E52424c2122484AF564568D6bcC0eE63FfFC3 - 3097.009581 USDC It's likely these are actually the deposit addresses used by Instant Swapping Service like EasyBit which nest inside Binance for liquidity. This would mean law enforcement would need to approach Binance to identify if they are actually Binance addresses, or if they belong to a 'nested service'. Flow of funds: Initial theft TxID 0xfd03063823e54b1be8e2902f3b833840bd82f5dc374637887c5b14e66fea7c42 10,702 USDC moved from attacker wallet 0x9b9Ae2db2C1fC598645cA2D954D1acB665b44F62 to 0x93C215D29E0757d69156Eb939Bf8468dE269f05B in TxID 0xfc3a937baf40f58a8a4595bae296823d92e82596227c7820362a4bf373051e0d. 10,692 USDC moved from 0x93C215D29E0757d69156Eb939Bf8468dE269f05B to 0x88F8eCbAa4fb38a60346f10A5c527230ebb1D9e9 in two transactions. TxID 1 (200 USDC) - 0xafc4cf5309b6c44ec346da64e9009e796b5350bb05bb240fd8bac8617d26c55e TxID 2 (10,492 USDC) - 0xf97f0fa7947fd1c1f9e297951144adce3a8239e34088dba8da3e56f359b0a155 10 USDC was swapped for POL to use as gas fees. Address 0x88F8eCbAa4fb38a60346f10A5c527230ebb1D9e9 broke the stolen funds down through four deposit to four addresses. I would expect these four addresses are likely the deposit addresses for a swapping service as onward tracing is to the Binance addresses which is likely the swapping service sweeping its liquidity. The four receiving addresses suspected to be swapping service deposit addresses are: 1 - 0xF6B1D3Eb5d1Cf2b3E25fF9e3724C3e1d38A9a07c 2 - 0x9e06c2cD09d59CEeB0b821e3f89200b1A29C1808 3 - 0x29e6f28FB8961bE6290Ad18c2d76BCF8BC9bd39a 4 - 0x4D5Ee9fbB57a4C465629a501EFA02b9432253b4C. Worth filing a report with your relevant law enforcement and contacting Binance to see if the deposit addresses 0xAfC4A63C684bAB9DEfBDF6ccbc2ee167aa1df4aF and 0xBD7E52424c2122484AF564568D6bcC0eE63FfFC3 are linked to nested services. With some luck, you might be able to contact the nested services and identify where the funds have gone.

AvailableTie6834

bruh, the hacker could have swapped this for Monero and then for BTC or back to USDC and use on any crypto card out there...

Extreme-Tie9282

!RemindMe lost 130k in USDC

Junglebook3

I wonder how both of these claims can be true: 1) Instant settlement, i.e. when buying a unit of Apple stock with USDC, I instantly own the Apple stock 2) True ownership of the underlying stock, i.e. when I buy dApple I have legal rights to one unit of Apple stock Given that brokerages do not offer instant settlement when transacting equities. Does this mean that Dinari will be on the hook during the business day the underlying stock has not settled? Or that end users are at risk during that time period? i.e. I pay via USDC to buy stock, and something happens between the money leaving my wallet and the underlying stock settling? It would sure be swell if Dinari could highlight what can I do with my dStocks once I buy them. What is the advantage to buying over on Fidelity? Can I borrow against my dStocks? (Robinhood offers instant margin loans against equities, and also has insurance, is regulated, etc). What can I do with these things? Is it solely to accommodate degens that keep 100% of their portfolio on-chain, finally allowing them to have their equities on-chain as well? These aren't the people that tend to buy equities in the first place. Will I be able to trade dStocks on Hyperliquid maybe, with leverage? I think there's potential but a lot of other things have to happen first for Dinari to offer value.

psi-storm

That is laughable. People were holding USDT because the exchanges traded other coins against it. Which EU exchange will swap those trades over to USDR, so they can motivate people to swap and keep the liquidity? The liquidity of European investors already mostly moved over to USDC.

East-Day-7888

Very true, now describe a ponzi scheme to them and watch them roll around the subject pretending some how btc is different. "What about gooooold, and reserve currencies" Lol okay bud, smoke another and enjoy your dilusional cypher punk sovereign nation currency, and go ahead and pay 2 dollars for you snickers bar in btc, dont mind the $35 fee. Dont get me wrong crytpo payments ARE the future, but its never going to be a solo token. Its More likely to be something like USDC operating on an Hbar rail system. So providers are not hit with verible fees and impermanent loss.

The-maulted-One

You’re talking about 100’s of millions of dollars worth. ‘Swap small amounts into USDC’……… come on now, I’m sure you can be a bit more creative than that!? It looks like the original perpetrator may have used a paid subscription service to scan the blockchain for vulnerable wallets. If this is the case then he’ll be on a plane to the U.S curtesy of the US justice department at some point in the future.

CommonBrilliant6956

Agreed as if the mechanics of buying, selling, exchanging, swapping aren't challenging enough; one mistake is all it takes to loose everything. The support for most wallets and exchanges is fair at best and often poor. Too many bots that waste your time until you might get a live customer assist. On top of all that there are a tremendous number of scams that are quite adept at getting you to relinquish your money. Hackers are indeed a problem. Anyone wNt to bit 200,000k of counterfeit USDC. Thanks to the elimination of rules and procedures by this administration, going into the crypto world is tantamount to rolling dice and hoping for the best. At least at a Casino I can always get out and go home. With crypto you may have been set up at a clone site and when it's tine to get out your told the platform is collecting your taxes before you get out. Whether you pay or dont, your not getting any if your money back. I am going back to stocks,start trading and options. At least when I call a broker like Schwab, I always get a helpful person on the line.

Standard_Web7962

Why do they prefer USDT over USDC/USDS in Venezuela?

DarkChurro

Here's what you do. Swap into USDC on Base. Head over to Pool together or some other vaulting protocol. Collect apr on your deposit. Reinvest rewards. Repeat and compound. No BTC. No memecoins. No prediction markets. Just good ol' fashion earned interest.

MushrooGuy

And why would anyone want to use a network with a gas token that is volatile when Circle is making ARC that uses USDC as gas or STABLE by tether/Bitfinex that uses USDT as a gas. XRP is the modern day FTX. They buy through hundreds of millions of tokens monthly just to fund Ripple's newest business venture... Which won't use XRP either. It's cult like at this point

Savings-Pause9864

Yeah I agree with the principle. I just think people can separate the two: long term holdings in whatever setup gives them peace of mind and a simpler tool for daily payments if they want to spend it. That’s why I use Oobit as my spending layer for USDT/USDC and not as my main holding setup

Wizy42

Curious if anyone else here does freelance work and gets paid in USDC - I've been building a small tool called Stablance to auto-classify wallet payments into income/invoices and spit out a tax-ready report, since most crypto tax tools out there are built for traders, not for freelancers who just want to invoice a client and know what they owe. Anyone else running into that gap?

Rough-Suggestion-294

Worth knowing before you plan a big one: "accepts Bitcoin" and "accepts your Bitcoin" are not the same claim, and the gap is almost never disclosed on the product page. Sotheby's is the clearest example. They do take BTC, ETH and USDC, but only on lots specifically designated for it, and their own bidder guidance states payment has to arrive from one of five named custodial exchange wallets (Coinbase Custody Trust, Coinbase Inc., Fidelity Digital Assets, Gemini Trust, Paxos Trust), from a single wallet, after photo ID is on file. A payment from your own hardware wallet is refused. So the person most likely to be bidding is the one who can't pay. TAG Heuer is the opposite shape: they will take self-custodied crypto through BitPay on the online boutique, but their US terms cap the whole purchase at USD 10,000, which isn't mentioned anywhere near the products. Pavilions Hotels publishes a proper crypto page covering 28 assets, and then excludes its Bali and Phuket properties from it. Two of the best known hotels in the group, carved out of the group's own policy. None of that is a rail limitation, incidentally. BitPay's own terms say plainly that it has no access to or control over crypto in your wallet and doesn't provide custody. Where a merchant demands a named custodian, that is the merchant's own source-of-funds policy, not the processor's. Practical version: for anything meaningful, read the merchant's actual terms page rather than the "we accept Bitcoin" badge, and ask which wallet before you commit. The constraint clusters at auction houses and banks, the places with the heaviest source-of-funds duty, and is rare at dealers and hotels.

TellBrak

Hey check this out. There's a cool media company called Roundtable that pays publishers for their ad revenue directly into Coinbase wallets. Like if you ahve a website with ads and you host your content on their platform, they livetime pay your wallet in USDC. The company is now on NASDAQ, the stock is between 15-20$. Meanwhile, they have a coin, called RTB. It's not trading for much -- when does it come into play?

Working-Algae-7318

I completely agree with you. Exchange to bank works smoothly, that’s a clean route. I use Oobit for USDT/USDC spending from my phone and bank transfers when I actually need fiat which is the cleanest setup i found

quintavious_danilo

Ether.fi gives you 3% cashback in USDC. That’s the most I know of for a free plan. Usually I take the USDC and buy BTC at the end of each month. I used to use the Bybit.eu 2% BTC cashback card, but they cut it down to 1% as if recently so I’m now with Ether.fi

Reasonable-Poem-3486

I deposited 4000 USDC On July 28, stupid of me.

TequilaTsunami

You could always just take interest in the form of BTC, by far the easiest thing imo. Coinbase (and I’m sure others) pays interest on USDC held with them and you can chose to get paid in BTC or you could stake it

ninenulls

Too late. I sold it all. With clarity dying and RWA going to private chains, the only thing you can count on is using USDC at Walmart. Flat dollar coins have a future. Everything else will jump around, more down than up. Look at the monthly chart of bitcoin and tell us you're not concerned

Possible_Survey_2112

Exactly and I use Oobit for that because I can spend USDC from Google pay instead of dealing with P2P every time

blue-chips

Is the $50 balance in an ERC-20 token? If so, you may not have the right tokens to pay gas fees to make a transfer. Looks like you're using the OKX Wallet. You can apparently pay gas fees on with ETH, USDT, USDC, or USDG (in addition to ETH). [https://web3.okx.com/help/gas-fees-faq](https://web3.okx.com/help/gas-fees-faq)

master-beast-72

The humanitarian payments use case is one of the most credible and underreported applications of cryptocurrency, and the friction points are more specific than the generic "crypto solves banking access" narrative. **Where it actually works**: In conflict zones and failed-state economies, the problem isn't just banking access — it's that the banking system is actively hostile or has collapsed. In places like Syria, Sudan, and parts of Ukraine during active conflict, traditional remittances route through correspondent banks that may be blocked by sanctions, require controlled currencies that nobody trusts, or simply have no physical branch infrastructure remaining. Stablecoin transfers (USDC, USDT) have worked because a smartphone + internet is sufficient to receive funds. The UN World Food Programme ran the Building Blocks program in Jordan with ~10,000 Syrian refugees, settling food vouchers on Ethereum. Operational savings were significant compared to traditional banking infrastructure. **Where the friction remains**: The "last mile" problem: receiving USDT does nothing if there's no local off-ramp to spend it. This requires either merchants that accept stablecoins directly (rare outside specific cities) or a local exchanger who will convert to cash — which reintroduces exactly the trust and geography problems crypto was supposed to solve. KYC requirements create a paradox: the people most in need of crypto humanitarian aid (stateless refugees, people without ID) are also the hardest to onboard due to wallet and exchange compliance requirements. The Humanitarian Payments Council being in its 3rd year is a meaningful signal that practitioners are moving from proof-of-concept to systematic adoption, which is progress worth tracking.

Django_McFly

It takes like sub 20 seconds to do a swap on a CEX or a DEX so I don't know if one really has a speed advantage worth mentioning over the other. If anything, I can send 10k USDC to a wallet, swap it on a DEX and be done in less than a minute. I send 10k USDC to Coinbase, they don't accept is as a valid thing until a few minutes pass. When you say "faster", what actions are faster? CEXs definitely aren't cheaper. Once you can wrap your head around a wallet, the joy of getting ripped off on a CEX generally fades. That's why DEX vs CEX volume has been growing for years in a row now. https://swap.defillama.com/?chain=ethereum&from=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&tab=swap&to=0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf At the same time $10k USDC got me 0.157X cbBTC (Coinbase's own BTC, so a third party should definitely be selling it at a worse price than Coinbase official right?) at the worst dex, Coinbase was offering me 0.153X for their cbBTC for $10k. On jup.ag, $10k gets me 136.5 SOL. On Coinbase, $10k gets me 132.8 SOL. People who have never used a DEX in their life (or have and are just lying to you about the prices offered) are just making up stuff about how much they cost to use. CEXs quote you on a spread (when you sell, they pretend the price is much lower and when you buy, they pretend the price is much higher) **and** charge fees on top of the spread.

thegoddessofgloom

Take USDC. Get a Coinbase debit card

Wheaties4brkfst

Yeah kind of seems like the CEXes are pretty integral to the crypto ecosystem. What else would you do, bitcoin atm? Buy them off someone in person? I just don’t see how crypto works at scale with something resembling a CEX. Maybe you just go straight to USDC or your favorite stablecoin issuer? A one coin CEX? lol.

Warrior_witha_Garden

there was this thing called Bitcoin... it was created 17 years ago. it was designed or this purpose ! make people pay you in bitcoin. then sell the bitcoin when you need cash. you can use robosats or sell it for USDC. ask your ai to help you on this one

FreyasFantasys

we are going for USDC. its stable. and it can be cashed out for real $ without all the fluctuating BS. i need a way for them to just put in their card info and thats it. purchase complete.

The_Bitcoin_Act

Good instinct, and the civic mechanics here are real, calls to your own senators' offices get logged, tallied by position, and passed up to legislative staff who track constituent sentiment on pending bills. It's one of the few forms of advocacy that actually moves a vote count. So the "pick up the phone" energy is well placed. That said, as someone who reads this stuff for a living, I'd gently reset the "one yard line" framing, we're in the red zone, but there's a goal-line stand happening and the clock matters. Here's where the CLARITY Act actually sits: it passed the House back on July 17, 2025 (294–134), cleared the Senate Banking Committee on May 14, 2026 (15–9), but has not had a full Senate floor vote and hasn't been signed. It's on the Senate calendar and eligible for floor consideration, and Senate Republicans dropped updated text on July 22 merging the Banking and Agriculture versions and adding ethics provisions but the July 4 signing target already came and went. It still needs a cloture vote, which means rounding up seven to nine Democratic votes to clear the 60-vote filibuster threshold.  If you're going to call, being specific makes you more persuasive than a scripted "vote yes." The three things actually jamming it up right now: a Section 604 dispute where prosecutors argue the language would hamstring criminal investigations involving crypto, the ethics provision on federal officials issuing or sponsoring digital assets, and the stablecoin-yield question (which has real money behind it, Coinbase alone earns something like $1.35 billion a year in USDC rewards). Knowing which of those you care about lets you say something a staffer will actually note down. On timing, the Senate leaves for its state work period around August 10, and if the bill doesn't get floor action before then, its 2026 window narrows sharply. So if you're calling, the next couple of weeks are the ballgame. Call your own state's two senators, say you're a constituent, name the bill, keep it to 30 seconds, and be kind to whoever answers, they're 24 and drowning in calls. [](https://tech-insider.org/clarity-act-2026-status/)

Alternative-Pause505

Well in this case you need to bridge USDC to arbitrum, which is already an issue. You can try switcher instead

Trick-Apple-202

I think cashback is what gets most people to try a crypto payment app, but it's rarely why they stick around. If the experience is clunky, the rewards only go so far. I'd still use it if the cashback disappeared tomorrow just because i dont have to change how I manage my crypto to make a payment. That said, it also depends on where you live. If you're in a country dealing with high inflation or a volatile currency, being able to hold and spend USDT or USDC is honestly a way bigger W than a few extra percent in cashback

Trick-Apple-202

I think cashback is what gets most people to try a crypto payment app, but it's rarely why they stick around. If the experience is clunky, the rewards only go so far. I'd still use oobit if the cashback disappeared tomorrow just because i dont have to change how I manage my crypto to make a payment. That said, it also depends on where you live. If you're in a country dealing with high inflation or a volatile currency, being able to hold and spend USDT or USDC is honestly a way bigger W than a few extra percent in cashback

Reach_Beyond

I’d rather light my money on fire than buy any of the alts you listed. I’d buy and do own significant BTC, ETH. All others (maybe SOL or I’d have to research XRP) I’d just hold USDC.

AutoModerator

Post is by: Macro-Equity and the url/text [ ](https://goo.gl/GP6ppk)is: /r/technicalanalysis/comments/1v5i61h/usdtd_at_85_what_stablecoin_dominance_isnt/ TL;DR — Stablecoin dominance is a ratio. It rises either because fresh money is coming in (dry powder), or simply because the rest of the market is collapsing. The chart looks identical in both cases. Right now USDT.D sits at 8.5% while supply has been flat for months — that's the second case. And we've seen this signature before. Disclosure: None of this is financial advice. The problem with USDT.D You see it constantly: "USDT.D bouncing off support → alt season incoming." The implicit reasoning is that rising dominance = capital waiting on the sidelines = fuel for the next leg up. That can be true. It can also be completely wrong. The dominance chart alone can't tell you which. The mechanics : USDT.D = USDT market cap / total crypto market cap It's a fraction. It rises in two opposite situations: Case 1 — the numerator rises. New USDT gets minted. Fresh money enters and parks in stables. Real dry powder. Constructive. Case 2 — the denominator falls. Supply doesn't move an inch, but BTC/ETH/alts get destroyed. Dominance rises mechanically, without a single new dollar arriving. The chart goes up the same way in both cases. That's the whole problem. How to tell them apart: absolute supply Look at market cap in dollars, not percentage. On TradingView: CRYPTOCAP:USDT below USDT.D. |Dominance|Absolute supply|Reading| |:-|:-|:-| |↑|↑|Genuine inflows. Capital waiting. Constructive| |↑|flat or ↓|No new money. The market is just bleeding.| |↓|stable or ↑|Capital deploying into risk. Risk-on signal.| Only the first has predictive value. And it's visible only on the supply panel.  Top: USDT.D weekly. Bottom: USDT market cap (CRYPTOCAP:USDT). Boxes aligned on the same time windows. What the chart shows Today: USDT.D at 8.50% (+1.45% on the week). USDT supply at 183.99B, down roughly 30M week over week. Dominance is climbing while supply has been flat since early 2026, with slightly negative weeks. Do the implicit math. If dominance rises sharply while the numerator stays fixed, the denominator — total crypto market cap — must be contracting. That's what this chart is saying, and it's invisible if you only look at the top panel. 2022-2023: same signature. Dominance peaks around 9.1%, and on the bottom panel you can see USDT supply contracting meaningfully over the same window (from \~83B down toward \~65-70B). That wasn't dry powder accumulating. That was the bear market: the market collapsing while money genuinely exited the ecosystem. Today dominance sits at 8.5%, just below that peak, with the same absence of net inflows. Limitations of this comparison (important) I'd rather raise these myself than leave them for the comments: 1. The magnitudes aren't comparable. In 2022-2023 supply actually contracted, on the order of −20%. In 2026 it's a plateau with marginal weekly moves (−0.02%). What they share is the absence of net inflows, not the intensity. This is a growth stall, not a collapse. 2. Two occurrences aren't a statistic. I'm showing what this configuration looked like last time. I'm not claiming the outcome repeats. 3. The context changed. Spot ETFs didn't exist in 2022. Part of institutional capital no longer needs to route through stablecoins to get exposure — so this indicator captures TradFi flow less well than it used to. It mostly tells you what's happening inside crypto-native markets. 4. The levels aren't identical. \~9.1% in 2022 versus 8.5% today. USDT ≠ USDC: the layer above Aggregating all stablecoins throws away the most interesting information. USDT — offshore-dominant, Asia, retail, non-US exchanges, perp markets. It's leverage collateral. Its supply reflects global speculative appetite. USDC — regulated, US rails, DeFi, corporate treasuries, banking on/off-ramp. Its supply reflects institutional capital. The divergences are the real signal: USDC ↑, USDT flat → institutional money via US rails. Slower, generally more durable. USDT ↑, USDC flat → offshore leverage and speculation. Faster, more fragile. Both contracting → global deleveraging. Money leaving crypto. One level deeper: supply by chain. Stables flowing onto one chain while global supply stagnates isn't new money — it's capital rotation. Invisible on an aggregate dominance chart. (Not available on TradingView; use DefiLlama.) Other caveats worth knowing Not every mint is new money. There's cross-chain rebalancing and treasury pre-positioning. Look at smoothed net mints, never the isolated event. This is a slow indicator. Regime context, not entry timing. Don't build an intraday trade on it. Correlation ≠ causation. Rising supply doesn't force anyone to buy. It indicates capacity, not intent. What this actually changes None of this gives you an entry. What it gives you is a regime filter: knowing whether you're trading in an environment where capital is genuinely available, or one where dominance is rising simply because everything around it is burning. The two look alike on a chart. They don't have the same follow-through. What I'm watching for a regime change: supply resuming its uptrend, not dominance falling. If USDT.D drops while supply keeps contracting, that's a false signal of exactly the kind described above. Data: TradingView (USDT.D, CRYPTOCAP:USDT, CRYPTOCAP:TOTAL), DefiLlama for per-chain breakdown. Do you track stablecoin supply in your process? Curious whether anyone here watches the per-chain split, and on what horizon you find it actionable. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

master-beast-72

the framing of "licensing test" is accurate but the second-order effect is interesting: MiCA is one of the clearest regulatory frameworks globally, which is actually why large institutional players are moving toward EU compliance rather than away from it. the friction is concentrated on smaller firms. a CASP license requires capital requirements, governance documentation, custody standards, AML/KYC procedures — all manageable for Coinbase or Kraken but genuinely burdensome for a startup or regional exchange. what this produces is regulatory consolidation: a smaller number of licensed CASPs with a clear legal basis to operate, rather than a fragmented landscape of grey-area operators. the irony is this might benefit DeFi indirectly. MiCA's scope is explicitly limited to intermediaries (CASPs), not to the protocols themselves. Aave, Uniswap, Curve — the "sufficiently decentralized" carve-out means they operate outside MiCA's licensing requirement. so as centralized intermediaries face compliance costs, the permissionless alternative becomes relatively more attractive to users who know how to self-custody. the USDT delisting was the most disruptive near-term consequence. circle positioned USDC as the MiCA-native stablecoin (EMI license in France), which is why you see USDC liquidity deepening in EU-accessible venues while USDT thins out.

master-beast-72

worth separating a few things here because the blame is getting mixed: the derivatives restriction on EU retail isn't MiCA itself — that's MiFID II and ESMA leverage limits that predate MiCA by years. MiCA is mostly about licensing requirements for exchanges and stablecoin issuers, not product restrictions. where MiCA actually bit hard was USDT: Tether never got an e-money license, so Kraken, Bitvavo etc. had to delist it. that fragmented stablecoin liquidity because traders were used to USDT pairs everywhere. USDC fills the gap for MiCA purposes (Circle has an EMI license in France) but it took time for liquidity to migrate. the underreported silver lining: fully decentralized protocols are technically excluded from MiCA's scope — Uniswap, Curve, Aave still work fine for EU users, no geofencing required. the regulation is centralized-intermediary regulation, not a ban on DeFi. the genuine frustration — fragmented orderbooks, no perps — is real but it's mostly the pre-existing MiFID situation, not something MiCA created. which doesn't make it less annoying but it's worth understanding what's actually driving what.

NimbleNido

Best way to do this in a decentralized fashion would be to swap the USDT for UBTC on Hyperliquid. You can then withdraw the UBTC as native Bitcoin to your wallet without issue, or hold it Spot on Hyperliquid, though this becomes subject to protocol risk. Either bridge your USDT to Arbitrum as USDC then deposit, or Swap directly in an aggregator from USDT to UBTC with a slight fee. UBTC is Unit's Spot BTC offering on Hyperliquid that's driven >$64B in cumulative spot volume since launching in February 2025. Not shilling, but sharing a newer protocol that I've found no issue with since launch.

Django_McFly

I use Coinbase, but pretty much the only "exchange" I do with them is exchanging dollars in my bank for USDC and then I buy what I want on a DEX. And as a free bridge for USDC/ETH/cbBTC. I kinda don't like them but they offer 1:1 USDC to USD on buys and sells so it's convenient. There *was* a Direct Deposit program which was nice but they got rid of it and switched to a provider I don't trust. They changed my account, gave me no notice, their attitude was "meh, I'm sure he'll notice something is up when the money is missing so why bother letting him know ahead of time?" Binance.us was always ass. Crazy fees on everything, even when you withdraw to BSC. For the tokens I buy, Coinbase withdraw fees are $0 as long as I'm not withdrawing to ETH L1. I actually liked FTX.us because they treated like 5 different stables as 1:1 with USD and supported a bunch of chains, but obviously they had issues. Kraken is a US exchange and is older than Coinbase but they didn't start accepting US bank transfers until like 6 years after Coinbase did, so they weren't a real option for me (my primary use is converting dollars in my bank for crypto) when I was getting started.

WOOKIE-41

They train you which afterwards you start with 100 USDC and ask to withdraw it to put back into your account to work with by so called optimize orders. They tell you to do 30 orders 3x a day. After 5 days of this work you are paid 800. 15 days 1500 and 30 days 3000. As you optimize orders you may come across joint orders. Which puts you in the negative in the account leveraging you to put your money to finish the order. Which happened to me in the last 3 days. I'm going to use rough estimates but this joint order is all connected. I started with 110 and the order went negative cause the joint orders are 20% when orders are usually .5%. so I put into 110 to optimize. In the account now is 220. Another joint order I add 250. So 480. Another comes along and I match it by adding 480 there's 1000 now. Another joint order I add 1500. At this point I'm at a total loss because I thought that was it with joint orders. The last orders in the set were 3 joint orders from 20-30. The last joint order required me to put in 4500. I knew it was too good to be true to try a remote job at home the seemed so simple by pressing a button.

Ill-Square-1123

wait, so there's an Afghani Stablecoin that is being used to make payments? So suppose I want to send USD to family in Afghanistan, instead I send them USDC and they convert that to Afghani Stablecoin and pay directly with that? W